To Access This Course:
International Financial Reporting Standards (IFRS) provides for various methods for accounting for investments in other entities. Other entities which are not consolidated may be classified as an “associate” per International Accounting Standard (IAS) 20, or a “joint arrangement” per IFRS 11, or an “investment entity” per IFRS 10. In addition, IFRS 10 provides guidance for entities that are consolidated. This course explores when it is appropriate to apply each of the accounting methods for investments in other entities, and the resulting financial statement implications.
Learning Objectives
- Explore the equity method for accounting for associates that are “significantly influenced” by the reporting entity per International Accounting Standard (IAS) 20.
- Discover the proper treatment of joint ventures and joint operations per International Financial Reporting Standard (IFRS) 11.
- Recognize when an entity qualifies as an investment entity per IFRS 10, which precludes consolidation by the parent entity.
- Discover the principles of consolidation per IFRS 10.
Last updated/reviewed: June 01, 2018
Prerequisites
Course Complexity: Intermediate
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .